This website uses cookies
More information
The monthly news publication for aviation professionals.

ACE 2026 - The home of global charter.

Related information from the Handbook...

Stellar Aircraft Inc.
Aircraft

Stellar Jet

BAN's World Gazetteer

Connecticut
The bimonthly news publication for aviation professionals.

Request your printed copy

Sirius will pump hydrogen into PARQ Bali development
Once certified and ready to fly, Sirius will lease 10 hydrogen VTOL jets to PARQ for use in Bali and the surrounding islands at a cost of $65,000 per month.
The hydrogen-powered VTOL Sirius Jet will further PARQ Development's long-term commitment to sustainability in Indonesia.

Sirius Aviation has committed to provide 10 hydrogen-powered VTOL jets, along with tailored support services, to the picturesque landscapes of Bali. The agreement with luxury property developer PARQ Development is estimated to be worth $50 million.

PARQ Development will receive five Sirius Millennium Jets and five Sirius Business Jets, and Sirius will establish five vertiports and five hydrogen generators, facilitating VTOL operations, enhancing accessibility and stimulating eco-friendly tourism and economic growth in Indonesia.

"Our partnership marks the dawn of a new era for Bali and its surrounding islands, emphasising zero-emission tourism, sustainable development and regional economic growth. With PARQ's tailored route planning and outstanding support services, we're setting a new standard," says CEO Alexey Popov.

PARQ will develop tourist routes and infrastructure, not just in Bali, but on the numerous surrounding islands, enhancing the region's economy and introducing brand new destinations.

"Uniting with Sirius Aviation, we're crafting a new era for Bali tourism; zero carbon footprints in the sky and unforgettable journeys on the ground," says founder Andre Frey. "Together, we're flying towards a cleaner, greener tomorrow."

In a step bridging eco-friendly aviation and innovative sales strategies Sirius, alongside a number of Swiss banks, is introducing a leasing scheme under which the aircraft, equipped with crew, maintenance and insurance, will be leased to PARQ for $65,000 per month over five years, with PARQ targeting $180,000 in monthly route earnings.

Other News
 
Skyryse continues to scale thanks to Series C investment
February 7, 2026
The funding marks a milestone in Skyryse's journey to make aviation safer and more accessible across aircraft and helicopters. Surpassing $1 billion in valuation is a historic moment for the privately-held company.
Ohio applauds regional medical coalition
February 7, 2026
Ohio's proposal leverages cutting-edge aviation technology to create a faster, smarter and more dependable alternative to ground and charter transport, solving a national challenge with a proven, scalable model.
Vertical is excited to kick off Valo's US tour
January 25, 2026
New York City represents a natural environment for advanced air mobility given its density, congestion, premium travel demand and existing heliport network. Vertical looks forward to showcasing in the city.